Mr. Karim Rayani reports

IBERO MINING ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Further to its news release dated April 28, 2025, Ibero Mining Corp. has closed its previously announced non-brokered private placement, raising gross proceeds of $60,000.

The company issued two million units at three cents per unit, with each unit consisting of one common share and one common share purchase warrant exercisable at eight cents for 36 months from issuance. All securities are subject to a statutory hold period and TSX Venture Exchange approval.

The closing of the private placement occurred prior to the cease trade order dated May 6, 2025.

About Ibero Mining Corp.

Ibero Mining is a Canadian public company listed on the TSX Venture Exchange (symbol: IMC) and in the United States on the OTCQB (symbol: AUCCF). The company is engaged in the acquisition and exploration of brownfield gold and copper-gold projects in Portugal and is focused on advancing high-potential mineral assets in prospective European geological settings. Ibero Mining owns a 100-per-cent equity interest in EVX Portugal, a private Portuguese company that holds the legal exploration rights to the Borba 2 (Miguel Vacas) property under an exploration licence from the Portuguese government. Borba 2 covers approximately 328 square kilometres in the Alentejo region of southern Portugal. Miguel Vacas is the company's flagship asset, representing the most advanced prospect within Borba 2. It includes historical copper production and significant exploration potential, with drilling programs to date intersecting wide zones of mineralization and substantial copper grades. The prospect remains open for expansion along strike and at depth. The company continues to focus its exploration efforts on defining and expanding mineralization at Miguel Vacas and advancing Borba 2 toward a formal resource definition while exploring additional opportunities within the licence area.

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